Moss Adams Wealth Advisors LLC Makes New Investment in Synopsys, Inc. (NASDAQ:SNPS)

Moss Adams Wealth Advisors LLC bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 506 shares of the semiconductor company's stock, valued at approximately $246,000.

Other hedge funds have also modified their holdings of the company. Pacifica Partners Inc. purchased a new position in Synopsys in the 3rd quarter worth about $25,000. Kieckhefer Group LLC acquired a new stake in shares of Synopsys during the fourth quarter valued at approximately $27,000. Tsfg LLC lifted its position in shares of Synopsys by 75.0% in the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in Synopsys by 40.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 20 shares during the period. Finally, Fairscale Capital LLC purchased a new position in Synopsys during the 2nd quarter worth approximately $51,000. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total value of $10,544,236.38. Following the completion of the sale, the executive now owns 1,460 shares in the company, valued at approximately $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SNPS has been the topic of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $640.00 price target on shares of Synopsys in a research report on Thursday, December 5th. Redburn Atlantic began coverage on Synopsys in a report on Monday, January 13th. They set a "buy" rating and a $600.00 price target for the company. Robert W. Baird reduced their target price on shares of Synopsys from $644.00 to $630.00 and set an "outperform" rating for the company in a research note on Thursday, December 5th. Loop Capital started coverage on shares of Synopsys in a research report on Monday, November 11th. They issued a "buy" rating and a $675.00 target price for the company. Finally, Wells Fargo & Company cut their price target on shares of Synopsys from $570.00 to $540.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $641.82.

Synopsys Stock Up 2.1 %

NASDAQ SNPS traded up $10.89 during trading on Friday, hitting $526.70. The company's stock had a trading volume of 1,240,502 shares, compared to its average volume of 870,192. Synopsys, Inc. has a 52 week low of $457.52 and a 52 week high of $629.38. The firm has a market cap of $81.42 billion, a P/E ratio of 36.27, a price-to-earnings-growth ratio of 3.22 and a beta of 1.12. The firm has a 50 day moving average price of $519.43 and a 200 day moving average price of $525.54.

About Synopsys

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.